Showing 1 - 10 of 8,353
We examine variation in local wage levels, housing costs, and commuting costs for 2071 areas covering the United States … index indicates the perceived value of local household amenities, or “quality of life.” Wage levels vary little within …
Persistent link: https://www.econbiz.de/10013224386
In 1997 GDP per capita in East Germany was 57% of that of West Germany, wage rates were 75% of western levels, and the … unemployment rate was at least double the western rate of 7.8%. One would expect that if capital flows and trade in goods failed to … able to explain the downward trend in east to west migration using wage and unemployment information. Convergence in hourly …
Persistent link: https://www.econbiz.de/10013244103
. The model delivers a simple equation relating trade-induced local shocks to changes in local skill premia. We apply the … methodology to Brazil's early 1990s trade liberalization and find statistically significant but modest effects of liberalization …
Persistent link: https://www.econbiz.de/10013029024
distance from headquarters, they tend to announce disappointing earnings results and experience pronounced stock market …
Persistent link: https://www.econbiz.de/10013056586
commodities from 1732 to 1914. The resulting large number of relative prices (502,689) allows precise estimation of distance and …We study the role of distance and time in statistically explaining price dispersion across 32 Swedish towns for 19 … time effects, and their interaction. We find an effect of distance that declines significantly over time, beginning in the …
Persistent link: https://www.econbiz.de/10012994370
In this paper, we present a spatial equilibrium model where search frictions hinder the immediate reallocation of workers both within and across local labour markets. Because of the frictions, firms and workers find themselves in bilateral monopoly positions when determining wages. Although...
Persistent link: https://www.econbiz.de/10013080419
A new test of the compensating wage differential model is proposed. The logic behind Roback's model showing how … differences in nonproduced amenities may be reflected in intercity wage differentials is extended to the case of differences in … rates and services provisions do generate compensating wage differentials across cities. The effects of a particularly large …
Persistent link: https://www.econbiz.de/10012755404
also when measuring distance along the south-north dimension. A simple theory of human interactions can account for these … empirical findings. The theory suggests that the effect of distance should vanish over time, a hypothesis that we confirm in the …
Persistent link: https://www.econbiz.de/10013065036
quantify the separate roles of nominal rigidities and trade costs (proxied by distance) in generating LOP variability. Our … of LOP deviations is lower for goods with less frequent price adjustment after controlling for the distance separating … estimates suggest that the distance equivalent of nominal rigidities can be as large as the `width' of the border typically …
Persistent link: https://www.econbiz.de/10013308514
In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading example is highway construction, where slow completion times inflict a negative externality on commuters. Recently, highway departments have introduced innovative contracting methods...
Persistent link: https://www.econbiz.de/10012757589